Karnataka Bank Ltd. has formally approved a trading plan for Mr. Vypana Thomas John, a Chief Manager in the Inspection and Audit Department. This approval, dated August 18, 2026, is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the bank’s internal code of conduct. The plan outlines the proposed trading of the bank’s securities by the designated person and ensures compliance with regulatory frameworks.
Insider Trading Plan Approved
Karnataka Bank Ltd. has announced the approval of a Trading Plan submitted by Mr. Vypana Thomas John, a Designated Person holding the position of Chief Manager in the Inspection and Audit Department. This approval was granted on August 18, 2026, by the bank’s management.
Regulatory Compliance
The trading plan has been approved in strict adherence to Regulation 5(5) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, also referred to as the ‘SEBI PIT Regulations’. Furthermore, the plan aligns with the Bank’s Code of Conduct for the Prohibition of Insider Trading and Handling of Unpublished Price Sensitive Information, which has been duly approved by the Board of Directors. This ensures transparency and compliance in the trading activities of key personnel.
Details of the Trading Plan
The trading plan, as submitted and approved, details the proposed transactions for Mr. John in the bank’s securities. Specifically, the plan indicates a scheduled sale of securities between December 21, 2026, and December 24, 2026. The number of securities for this sale is recorded as 4100, with an indicative value of ₹4100. The plan also clarifies that such trades will not overlap with any previously declared plans and that the insider is not in possession of any Unpublished Price Sensitive Information (UPSI) at the time of approval. The approved trading plan is irrevocable.
Availability
This intimation regarding the approved trading plan will be made available on the Bank’s official website under the investors section for public access.
Source: BSE
